Authority needed to tackle housing problem – Malaysian deputy
Malaysian deputy discusses affordable housing dilemma
The deputy governor of Bank Negara Malaysia has called for the creation of a central authority to deal with the affordable housing challenge across the country.
Speaking in Kuala Lumpur, Abdul Rasheed Ghaffour explained many first-time buyers were unable to afford a house because of a rapid increase in demand earlier this decade, which had pushed up prices to unsustainable levels.
“Prior to 2012, investor purchases of multiple homes increased very sharply, crowding out first-time homebuyers
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